The utility firm projects earnings growth driven by a 17% rise in industrial revenues and a 2.3% customer increase year-over-year.
Idacorp announced 2026 earnings per share guidance of $6.30 to $6.45, citing robust demand from large contract customers and elevated capital expenditures. The company highlighted a 2.3% year-over-year rise in customer count as of Q2 2026.
Industrial revenues surged 17% compared to the same period last year, reflecting strong monetization of large contracts. Management attributed the growth to higher CapEx trends, which are tracking at the upper end of projections.
The guidance update follows a quarter where operational performance aligned with expectations, reinforcing confidence in long-term earnings stability.